eBay to Cut 9% of Workforce as Shares Hit All-Time High, Unaffected by Ryan Cohen Bid

eBay confirmed it will cut approximately 9% of its workforce (about 1,100 employees) to streamline operations and prioritize high-growth businesses. This follows a 6% reduction (800 employees) in February. eBay shares have reached all-time highs, with Q2 2026 revenue of $3.13 billion (up 15% year-over-year) and EPS of $1.60, beating market expectations. eBay previously rejected Ryan Cohen’s unsolicited $56 billion takeover offer. Analyst ratings are currently mixed, with an average 12-month price target of $118.